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| This page contains all of the posts and discussion on MemeStreams referencing the following web page: 'Everyone Wants to Be a VC' | BusinessWeek. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet. |
| 'Everyone Wants to Be a VC' | BusinessWeek by Jeremy at 9:39 pm EDT, Jul 6, 2002 | |||
"Everyone Wants to Be a VC ... And that's a shame," says AT&T Bell Labs ex-honcho Greg Blonder, who urges entrepreneurs to forsake quick profits for long-term gains. Remember the 1980s? Japan's electronics giants were hammering their US rivals in both consumer and industrial markets. Then Japan's economy stalled, paving the way for the tech boom of the '90s in the US. It has been that long since US technological leadership was threatened seriously. Now, there's reason to worry again, according to Greg Blonder. His concern can't be dismissed lightly. Blonder warns that a new innovation crisis is brewing. For a decade we've been planting too little "seed corn" -- the basic scientific discoveries that can take 20 years or more to commercialize. And he sees new technological challenges from China and India. Congratulations! You may have already lost! | |||
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